Geospatial Imagery Analytics Market to cross USD 8 billion by 2025

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Geospatial Imagery Analytics Market to surpass
USD 8 billion by 2025 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Geospatial Imagery Analytics
Market

• Global Geospatial Imagery Analytics Market is set
  to grow from its current market value of more
  than 2 billion to over 8 billion by 2025
  according to a new research report by Global
  Market Insights, Inc.
• The demand for geospatial imagery analytics
  market is increasing due to the rise in the
  adoption of wireless devices and location-based
  sensors, allowing businesses to collect
  location-specific data to improve their business
  operations. The use of analytics software
  provides the ability to visualize critical
  business objects on maps, which helps
  asset-intensive industries, such as
  transportation, energy, and the public sector, to
  improve efficiency and decision making. Another
  factor accelerating the usage of geospatial
  imagery analytics is the growing popularity of
  cloud-based GIS solutions. GIS professionals and
  researchers are using cloud computing to access
  meaningful information on any aspect related to
  geospatial data.

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Continued...

• The image-based analytics segment in the
  geospatial imagery analytics market is expected
  to hold a share of over 75 by 2025 due to the
  extensive use of various geospatial image
  capturing platforms such as drones, surveillance
  cameras, and satellites. GIS professionals and
  geoscientists are making use of geospatial
  imagery analytics tools to analyze raw data in
  the form of images captured by aerial imaging
  platforms and convert them into useful maps for
  further analysis. The data collected from
  satellite sensors or airborne cameras in the
  image format serves as a valuable source of
  information to support geospatial assessment and
  modeling.
• The cloud-based deployment model is projected to
  grow at a CAGR of over 25 from 2019 to 2025.
  With cloud-based geospatial imagery analytics
  solutions, organizations need not focus on
  keeping their infrastructure up-to-date, making
  it easier for them to manage map records on the
  cloud. The companies present in the market are
  offering cloud GIS services on a pay-per-use
  pricing model to help customers who dont have
  required resources and skills to manage GIS
  implementations in-house.

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APAC Geospatial Imagery Analytics Market Size, By
Region, 2018 2025 (USD Million)

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Continued...

• The Unmanned Aerial Vehicles (UAVs) segment in
  the geospatial imagery analytics market is
  expected to witness the fastest growth rate from
  2019 to 2025 due to the widespread adoption of
  these aerial imaging platforms to cater to the
  demands of businesses in various verticals such
  as agriculture, mining, construction, and
  defense. Reduction in the cost of hardware needed
  to fabricate UAVs and advancement in sensor
  technologies are making UAVs more popular for the
  extraction of spatial data. Drone manufacturing
  companies are making use of AI to improve their
  drones capabilities, enabling them to map areas
  and provide analytical feedback in real-time.
• The agricultural sector is expected to grow at a
  CAGR of over 25 over the forecast timeline.
  Geospatial technologies are playing an important
  role in the agriculture industry by improving
  farm production, reducing costs, and enabling
  farmers to manage land resources in a proper
  manner. By mapping the geographic features of
  farms, farmers and scientists can develop more
  effective farming techniques to increase their
  crop yield, erosion detection, and determine the
  best crops to plant. The large-scale adoption of
  drones for precision farming will also spur the
  geospatial imagery analytics market growth.

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Continued...

• The Asia Pacific geospatial imagery analytics
  market is expected to show excellent growth rate
  between 2019 and 2025, growing at a CAGR of over
  25. In the region, various aerial imging
  platforms, such as drones and surveillance
  cameras, are widely used in agriculture,
  construction, marine, and defense to gather
  spatial information, which can be used by GIS
  professionals to support their decision-making
  process. Also, favorable government initiatives
  for the development of the space industry will
  also result in the uptake of satellite navigation
  systems to capture high-resolution geospatial
  imagery, which can be analyzed to identify
  patterns to support various industrial
  applications.
• The companies present in the geospatial imagery
  analytics market are engaged in new product
  developments supported by innovations to enhance
  their production capabilities to cater to the
  needs of their customers in various industry
  verticals. For instance, in July 2018, Digital
  Globe introduced EarthWatch, a cloud-based
  subscription product for viewing, streaming, and
  downloading geospatial data.

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Industry Coverage

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Table OF Content
Chapter 1 Methodology Scope 1.1 Methodology 1.2
Scope 1.2.1 Definitions 1.2.2 Methodology and
forecast parameters 1.3 Data Sources 1.3.1
Secondary 1.3.1.1 Paid sources 1.3.1.2 Public
sources 1.3.2 Primary Chapter 2 Executive
Summary 2.1 Geospatial imagery analytics industry
synopsis, 2014-2025 2.1.1 Business trends 2.1.2
Regional trends 2.1.3 Analytics type trends 2.1.4
Deployment model trends 2.1.5 Collection medium
trends 2.1.6 Application trends
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